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Nonprofiteer
← LITTLE VILLAGE 26TH ST AREA CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by LITTLE VILLAGE 26TH ST AREA CHAMBER OF COMMERCE INC.

Totals

Total revenue
$559,992
Total expenses
$478,722
Contributions and grants received
$176,113
Grants paid
$0
Program service revenue
$142,455
Investment income
$6,243
Other revenue
$235,181
Total assets, end of year
$391,308
Total liabilities, end of year
$20,000
Net assets or fund balances, end of year
$371,308
Program services expenses (Part IX)
$350,816
Management and general expenses
$91,893
Fundraising expenses
$36,013
Program service expenses (Part III)
not reported

Program services were 73.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $68,025

  • 1e · Government grants (contributions)

    $108,088

  • 2a · Program service revenue: SSA PROVIDER DIRECT

    total $87,732 · related or exempt $87,732

  • 2b · Program service revenue: BANNER REVENUE

    total $32,750 · related or exempt $32,750

  • 2c · Program service revenue: OTHER INCOME

    total $21,973 · related or exempt $21,973

  • 3 · Investment income

    total $6,243 · excluded $6,243

  • 8a · Fundraising events: gross income

    $419,380

  • 8b · Fundraising events: direct expenses

    $184,199

  • 8c · Net income from fundraising events

    total $235,181

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $251,678 · program services $188,759 · management and general $40,268 · fundraising $22,651

  • 10 · Payroll taxes

    total $23,816 · program services $17,862 · management and general $3,811 · fundraising $2,143

  • 11c · Fees: accounting

    total $33,950 · management and general $33,950

  • 12 · Advertising and promotion

    total $35,002 · program services $35,002

  • 13 · Office expenses

    total $55,334 · program services $55,334

  • 16 · Occupancy

    total $16,510 · program services $12,151 · management and general $4,359

  • 17 · Travel

    total $2,064 · program services $2,064

  • 22 · Depreciation, depletion and amortization

    total $2,707 · program services $2,707

  • 23 · Insurance

    total $28,767 · program services $17,548 · fundraising $11,219

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $12,301 · program services $12,301

  • 24b · Other expenses: BANK CHARGES

    total $4,681 · program services $4,166 · management and general $515

  • 24c · Other expenses: EMPLOYEE BENEFIT PLAN

    total $4,617 · management and general $4,617

  • 24d · Other expenses: MISCELLANEOUS

    total $3,674 · management and general $3,674

  • 24e · All other expenses

    total $3,621 · program services $2,922 · management and general $699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,230 · end of year $336,701

  • 4 · Accounts receivable

    beginning of year $11,885 · end of year $23,522

  • 10a · Land, buildings and equipment: cost or other basis

    $90,884

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,799

  • 10c · Land, buildings and equipment, net

    beginning of year $33,792 · end of year $31,085

  • 15 · Other assets

    beginning of year $35,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $350

  • 19 · Deferred revenue

    beginning of year $15,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $290,038 · end of year $371,308

Mission and programs · 2023

Mission

THE CHAMBER'S MISSION IS TO PROMOTE AND SUPPORT THE GROWTH AND SUCCESS OF BUSINESS IN LITTLE VILLAGE AND TO LEVERAGE THE COMMUNITY'S UNIQUE CULTURAL IDENTITY TO GENERATE NEW BUSINESS OPPORTUNITIES. THE LITTLE VILLAGE 26TH TSREET AREA CHAMBER OF COMMERCE WORKS CLOSELY WITH BUSINESS AND COMMUNITY LEADERS, LOCAL, STATE AND FEDERAL AGENCIES; LAW ENFORCEMENT; CORPORATE PARTNERS; ELECTED OFFICIALS AND OTHERS TO ADDRESS THE ISSUES THAT AFFECT BUSINESS OWNERS AND COMMUNITY RESIDENTS. THE LITTLE VILLAGE CHAMBER OF COMMERCE SERVES ITS MEMBERS AND PROMOTES THE LITTLE VILLAGE BUSINESS COMMUNITY BY FOCUSING ON TWO PRIMARY AREAS: MEMBER SERVICES AND COMMERCIAL DEVELOPMENT.

Activities or mission (Part I)

TO SERVE ITS MEMBERS AND PROMOTE THE LITTLE VILLAGE AREA THROUGH ASSISTANCE, ADVOCACY, AND COMMERCIAL DEVELOPMENT.

  • TO PROVIDE ENTREPRENEURS THE UTMOST LEVEL OF SUPPORT TO INSURE THAT BUSINESS GROWTH IS FEASIBLE BY PROVIDING CONSULTING SERVICES AND OPERATIONAL ANALYTICS TOGETHER HELPS PREVENT DEVELOPING ISSUES GET RESOLVED BEFORE BUSINESS IS IMPACTED. GEARED TOWARDS BRIDGING THE GAP BETWEEN UNEMPLOYED YOUNG ADULTS AND EMPLOYER DEMAND. TRANSITION FROM ENTREPRENEUR TO BUSINESS OWNERS. RESOLVE VACANT RESIDENTIAL AND COMMERCIAL PROPERTIES ISSUES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mayra Khan

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Antonio Guillen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jason Roberts

    VICE TREASUR

    Total calculated
    $0
    Hours/week
    5

  • Salvador Pedroza

    DIRECTOR

    Total calculated
    $0

  • Marco Rodriguez

    DIRECTOR

    Total calculated
    $0

  • Manuel Martinez

    PRESIDENT

    Total calculated
    $0

  • Robert Gottfred

    DIRECTOR

    Total calculated
    $0

  • Roman Ruiz

    VICE PRESIDE

    Total calculated
    $0

  • Mike Moreno

    DIRECTOR

    Total calculated
    $0

  • Abad Lopez

    DIRECTOR

    Total calculated
    $0

  • Mario Gamino

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2024
IRS schema version
2023v5.0
Source object
202442479349302004

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